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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Office buildings
749 37th Ave, Santa Cruz, CA 95062-5124
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0669761
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Lot
0.25 ac (10,759 SF)
Zoning code
C-2
APN
032-082-41
UPID
US09-0669761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The ABRITE Organization Association Or Organization Learning Center
-
Candace Ebert & Company Accounting Firm Tax Preparation
-
Ginger Wilson Raabe Physician Medical Clinic
-
Janice Frederick Physician Medical Clinic
-
Rebecca Raas Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Plpg Investments LLC · 4 yrs held
Plpg Investments LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C-2 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,420,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.70M (Jun 17 2022)
Last sale anchor
$1.70M
Jun 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,556
Tax year 2024
Assessed value
$1,768,680
Assessed 2024
Previous assessed
$1,768,680
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,082,016
Assessed improvement
$686,664
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Lot
0.25 ac (10,759 SF)
Zoning code
C-2
APN
032-082-41
UPID
US09-0669761
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2 · Santa Cruz, CA
Zoning C-2 · permitted uses
C-2 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Plpg Investments LLC
Entity
Mailing address
749 37TH AVE, SANTA CRUZ, CA 95062-5124
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
$1,700,000
Plpg Investments LLC
Abrite Investment Group LLC
Grant Deed
$702,000 · Business Finance Capital
Jun 17, 2022
—
Plpg Investments LLC
—
Deed
related
$680,000 · Santa Cruz County Bank
Nov 8, 2019
—
Abrite Investment Group LLC
—
Deed
related
$1,100,000 · 1st Capital Bank
Mar 27, 2009
$1,125,000
Abrite Investment Group LLC
Jenkins Investments LLC
Grant Deed
$1,054,000 · Wachovia Sba Lending INC
Jun 13, 2000
—
Jenkins Investments LLC
Jenkins Trust
Quit Claim Deed
related
$1,000,000 · Comerica Bank California
Feb 18, 2000
—
Jenkins Trust
Jenkins,katy
Quit Claim Deed
related
—
Jul 15, 1999
$165,000
Katy Jenkins
Schweitzer,barbara & William G
Grant Deed
—
—
—
Jenkins Investments LLC
—
Deed Of Trust
related
$200,000 · James F & Florence P Perry
—
—
Jenkins Investments LLC
—
Deed Of Trust
related
$540,000 · Union Bank Of California
—
—
Jenkins Investments LLC
—
Deed Of Trust
related
$240,000 · Bella Bella Fund LLC
—
—
Katy Jenkins
—
Deed Of Trust
related
$55,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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